Also in a purchasing mood, Black & Veatch (B&V) announced on 19 October that it had completed the acquisition of MJ Gleeson’s water business.
B&V said that with the new acquisition’s annual revenues of nearly US$380M, the transaction more than doubles the size of its existing UK water industry operations and brings extra capabilities to the business. Dan McCarthy, president and CEO of B&V’s global water business said: “With these additional construction capabilities, Black & Veatch will now be a single source provider of engineering design, process engineering and construction for UK water clients.”
The move increases B&V’s professionals in its UK workforce providing services to the water industry by 900 to 2,000. Tony Collins, former managing director of MJ Gleeson’s water business is now in charge of B&V’s expanded UK water business. He said: “Our cultures and our business philosophies are a strong fit and our services are complimentary. As a result we can now offer total project delivery – from concept through commissioning – to our water, environment and energy clients or any part of that service that our clients may require.”
